Reuters Asia Business

TOKYO (Reuters) – Boeing Co said on Monday it plans to establish a research and development (R&D) facility in Japan to further development in sustainable aviation fuel (SAF) and to advance electric and hydrogen aircraft technology. The facility will also focus on robotics, digitalisation, automation and carbon fibre composite materials for the aviation industry, the …

Boeing to establish R&D facility on sustainable aviation fuel, electrification in Japan Read More »

By Ryan Woo, Ellen Zhang and Liangping Gao BEIJING (Reuters) – China’s wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching back to the slow lane, a slump in the property sector deepening and job cuts still a widespread menace. A private poll by Caixin on …

China’s economic wobbles worsen as factory, property woes mount Read More »

SHANGHAI (Reuters) – China’s corruption watchdog said it was investigating the head of the country’s largest state-backed chip investment fund, just over two weeks after it announced a similar probe into a former executive linked to the fund. Ding Wenwu, the head of China Integrated Circuit Industry Investment Fund, also known as the “Big Fund”, …

China watchdog says is probing the head of chip-focused Big Fund Read More »

JAKARTA (Reuters) – Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a senior official said on Sunday, after the country’s blocking of some online services and games sparked an outcry. The Indonesian communication ministry on Saturday blocked PayPal, search engine website Yahoo, and several gaming services due …

Indonesia opens temporary access to PayPal after blocking sparks backlash Read More »

LONDON (Reuters) – British businesses are cutting ties with China due to concerns about political tensions, a shift that is likely to stoke inflationary pressures, the head of the Confederation of British Industry (CBI) said in an interview published on Saturday. “Every company that I speak to at the moment is engaged in rethinking their …

British businesses turning away from China, industry group says Read More »

BEIJING (Reuters) – The assets and risks of China’s “shadow” banking sector have declined significantly through continuous regulation, the state-run Securities Times on Saturday quoted a top regulator as saying. The sector has reduced by more than 29 trillion yuan ($4.3 trillion) as of the end of June from its historical high, Liang Tao, vice …

Shadow-banking risks in China curbed significantly, regulator says Read More »

HONG KONG (Reuters) – Hong Kong’s de-facto central bank bought HK$1.923 billion ($245 million) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dollar. …

HKMA buys HK$1.92 billion from market as currency hits weak side of trading band Read More »